Business Environment 277 International and National Affairs - Current Affairs 1 / 25 When was the inaugural G20 Summit held, and what prompted its creation? a) In 1999, as a response to the global financial crisis b) In 2008, in response to the Asian financial crisis c) In 2009, to address climate change issues d) In 2010, as a platform for energy cooperation 2 / 25 What is the primary focus of the G20 Summit? a) Promoting global economic cooperation and sustainable development b) Discussing military alliances among member countries c) Addressing regional hotspot issues d) Overseeing climate change negotiations 3 / 25 What was the theme of the 14th BRICS Summit held in 2022? a) Strengthening BRICS Unity b) BRICS for Sustainable Development c) Foster High-quality BRICS Partnership, Usher in a New Era for Global Development d) Building BRICS Bridges 4 / 25 How many times had India hosted the BRICS Summit before 2021? a) Once b) Twice c) Three times d) Four times 5 / 25 When was the 13th BRICS Summit held, and what was its theme? a) September 9, 2021; BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus b) November 23, 2022; Building BRICS Bridges c) August 22-24, 2023; BRICS for Global Prosperity d) October 10, 2020; BRICS Unity in Diversity 6 / 25 What is one of the key roles of BRICS in global affairs? a) To establish a military alliance against non-member states b) To promote competition and rivalry among emerging economies c) To boost world economic growth and reform global governance d) To impose economic sanctions on developing countries 7 / 25 Which countries are part of the BRICS group? a) United States, United Kingdom, China, India, Russia b) Brazil, Russia, Indonesia, China, South Africa c) Brazil, Russia, India, China, South Africa d) Brazil, Russia, Italy, China, South Korea 8 / 25 How often is the ASEAN Summit held, and who hosts it? a) Annually, hosted by the ASEAN Secretariat in Jakarta b) Quarterly, rotating among ASEAN member states c) Twice annually, hosted by the ASEAN Chairmanship d) Whenever needed, with no set schedule 9 / 25 What is the significance of the ASEAN Charter? a) It provides a legal framework for ASEAN, codifies norms, and sets clear targets. b) It establishes ASEAN as a military alliance. c) It outlines plans for the expansion of ASEAN's membership. d) It focuses solely on economic development within the region. 10 / 25 What is the primary goal of ASEAN, as outlined in its charter? a) To establish a military alliance among member states b) To promote regional peace and stability through justice and the rule of law c) To maintain close cooperation only with the United Nations d) To prioritize individual economic growth over regional development 11 / 25 How does the IFC contribute to the achievement of the SDGs (Sustainable Development Goals)? a) By providing direct financial assistance to governments b) By creating markets and mobilizing private sector solutions for development c) By funding social programs in emerging markets d) By offering interest-free loans to low-income communities 12 / 25 What is the primary goal of IFC's Social Bond Program? a) To fund infrastructure projects in developing countries b) To provide low-interest loans to private companies c) To allocate investments to achieve certain Sustainable Development Goals (SDGs) d) To support climate-smart projects 13 / 25 Which type of bonds issued by the IFC is specifically focused on financing climate-friendly projects? a) Social Bonds b) Discount Notes c) Green Bonds d) Benchmark Bonds 14 / 25 What is the main source of funding for the IFC? a) Contributions from member governments b) Donations from international organizations c) Profits from private-sector investments d) Revenue generated from trade agreements 15 / 25 What is the primary function of the International Finance Corporation (IFC)? a) To regulate global financial markets b) To provide interest-free loans to developing countries c) To encourage private-sector development in developing countries d) To supervise international trade agreements 16 / 25 What are the two primary goals set by the World Bank Group for the world to achieve by 2030? a) Promote international trade and reduce inflation b) End extreme poverty and promote shared prosperity c) Achieve gender equality and increase government spending d) Strengthen global financial markets and reduce income inequality 17 / 25 What is the main mission of the International Finance Corporation (IFC)? a) To provide interest-free loans to low-income countries b) To offer technical assistance to developed countries c) To encourage private-sector development in developing countries d) To regulate international trade 18 / 25 Which of the following is NOT one of the five constituent institutions under the World Bank Group? a) International Bank for Reconstruction and Development (IBRD) b) International Finance Corporation (IFC) c) International Monetary Fund (IMF) d) Multilateral Investment Guarantee Agency (MIGA) 19 / 25 Which institution is the largest source of financial assistance to developing countries? a) United Nations b) International Monetary Fund (IMF) c) World Trade Organization (WTO) d) World Bank 20 / 25 What is the primary purpose of the World Bank? a) To promote international trade b) To finance projects that enhance economic development in member states c) To provide military assistance to developing countries d) To supervise global financial markets 21 / 25 What is the primary source of financing for the IMF? a) Bilateral borrowing agreements b) Member quotas c) New Arrangements to Borrow (NAB) d) Donations from member countries 22 / 25 What are the main objectives of the IMF? a) To promote international trade and regulate global markets b) To achieve financial stability, reduce poverty, and stimulate economic growth c) To control inflation and stabilize exchange rates d) To enforce fiscal policies in member countries 23 / 25 What is the IMF's role in providing financial assistance to member countries? a) It provides loans to all member countries without conditions. b) It provides financial assistance to countries facing balance of payments difficulties. c) It offers grants to countries to promote economic growth. d) It finances infrastructure development projects in member countries. 24 / 25 What is the primary purpose of the IMF? a) To promote international trade b) To foster global monetary cooperation c) To provide loans to countries for economic development d) To regulate global financial markets 25 / 25 When was the International Monetary Fund (IMF) established? a) 1930 b) 1934 c) 1944 d) 1950 Your score is LinkedIn Facebook Twitter VKontakte
